Corporate Compliance Lead Examiner
Federal Reserve Bank of Minneapolis
Company
Federal Reserve Bank of New YorkWorking at the Federal Reserve Bank of New York positions you at the center of the financial world with a unique perspective on national and international markets and economies. You will work in an environment with a diverse group of experienced professionals to foster and support the safety, soundness, and vitality of our economic and financial systems.The Bank believes in work flexibility to balance the demands of work and life while also connecting and collaborating with our colleagues in person. Employees can expect to be in the office a couple of days per week as needed for meetings and team collaboration and should live within a commutable distance.
What We Do:
The Supervision Group of the Federal Reserve Bank of New York (FRBNY) supervises banks in the Second District. The objectives of supervision are to:
Evaluate and promote the overall safety and soundness of supervised institutions;
Ensure supervised institutions’ compliance with relevant laws and regulations, including consumer protection;
Facilitate the stability of the financial system of the United States; and
Support the growth and stability of the U.S. economy.
Supervision is carried out through a combination of methods, including on-site and off-site examinations involving staff dedicated to the supervision of an individual firm and other professionals focused on analytical, policy and risk matters. Supervision is coordinated with other US agencies.
The Large Institution Supervision Coordinating Committee (LISCC) Program function is responsible for executing the LISCC supervisory program (covering Capital, Governance and Controls, Liquidity, Recovery and Resolution Planning, and Monitoring and Analysis) for domestic global systemically important banks (G-SIBs). This supervision is accomplished through close coordination and in partnership with LISCC Dedicated Supervisory Teams (LISCC - DST) assigned to supervise individual firms, other Group business leaders, as well as LISCC leadership at the Board of Governors and other Federal Reserve Banks.
Within the LISCC Governance and Controls Program, the Compliance Risk horizontal team supervises the legal and compliance infrastructures of the largest financial institutions under the Federal Reserve System’s (FRS) supervision. The Compliance Risk horizontal team evaluates the compliance risks presented by the relevant supervised firm's business models and the adequacy of the compliance control framework for addressing such risks. In addition to participating in and leading compliance examinations of supervised financial institutions, the team contributes to other examination, analytical, and policy work in collaboration with senior supervisors and FRS management, legal staff, and policymakers across agencies.
Your role as Corporate Compliance Risk Lead Examiner:
Participate in large scope supervisory activities including monitoring, exams, and special projects;
Participate in large-scale reviews of complex institutions to evaluate the quality and effectiveness of legal and compliance risk management practices and controls in relation to the inherent risks of the institutions, supervisory expectations, and industry sound practices;
Participate in the development and execution of supervisory strategies for the oversight of significant and emerging compliance risks;
Contribute to preparation of supervisory plans for relevant risk-based supervision;
Monitor and assess the remediation of supervisory issues and compliance failures underlying enforcement actions;
Synthesize and present complex ideas clearly and concisely to management, including in supporting conclusions and communicating results with partners through supervisory products and key meetings;
Communicate with supervised large financial institutions, regulatory agencies and FRS executive management; and
Maintain a comprehensive understanding of laws and regulations relevant to corporate compliance expectations of the largest financial institutions.
What we are looking for:
Proven track record working in any of the following roles: financial institution legal and/or compliance departments; compliance consultant in the financial services industry; auditor; or bank examiner.
Demonstrated knowledge of legal and compliance risk management programs and controls in relation to the inherent risks of large banking organizations with complex compliance profiles.
Demonstrated understanding of relevant laws and regulations. Experience with Regulation W, Regulation K, FCPA, UDAAP, SEC Rule 10b5, or privacy/data protection laws is helpful.
Strong technical legal and compliance risk subject matter expertise, including in relation to specific lines of business, products and services, and ability to apply expertise to supervisory strategies and reviews.
Experience with risk management programs at large banking organizations with complex compliance profiles, including reporting lines, compliance monitoring and testing, risk assessments and responsibilities of the board of directors and senior management.
Experience in assessing, validating, designing, or managing various compliance risk management controls, including monitoring/surveillance systems such as trade surveillance and market conduct risk programs, is a plus.
Strong collaboration skills with an ability to build deep, productive working relationships in line with an inclusive culture that values learning and agility, curiosity, and sharing of diverse perspectives among the supervisory stakeholders.
Strong communication skills (both written and verbal), including ability to synthesize and communicate a wide range of information and perspectives succinctly and persuasively to stakeholders.
Some travel may be required for examinations, meetings, and training.
Candidate must be willing to enroll in examiner commissioning training upon acceptance of the position.
Salary Range: $118900 – $174000 / year
We believe in transparency at the NY Fed. This salary range reflects a variety of skills and experiences candidates may bring to the job. We pay individuals along this range based on their unique backgrounds. Whether you’re stretching into the job or are a more seasoned candidate, we aim to pay competitively for your contributions.
Our Touchstone Behaviors—Communicate Authentically, Collaborate Inclusively, Drive Progress, Develop Others, and Take Ownership—help shape the culture of the Bank. They also provide a shared language for how we work together and achieve success, and they set clear expectations for leading with impact at every stage of your career with us. Learn more.
Benefits:
Our organization offers benefits that are the best fit for you at every stage of your career:
Fully paid Pension plan and 401k with Generous Match
Comprehensive Insurance Plans (Medical, Dental and Vision including Flexible Spending Accounts and HSA)
Subsidized Public Transportation Program
Tuition Assistance Program
Onsite Fitness & Wellness Center
And more which you can find here
This position requires access to confidential supervisory information (CSI) and/or Federal Open Market Committee (FOMC) information. Access to CSI and FOMC information is limited to U.S. citizens, lawful permanent residents, individuals who meet the definition of “protected individual” under 8 U.S.C. § 1324b(a)(3), and certain other nonimmigrants. All non-U.S. citizens authorized to access CSI and/or FOMC information must sign a declaration of intent to expeditiously become a lawful permanent resident and thereafter a U.S. citizen when eligible.
The New York Fed expects its employees to perform their duties with honesty, integrity, and impartiality, and without improper preferential treatment of any person. Learn more about our code of conduct and conflicts of interest rules.
The Federal Reserve Bank of New York is committed to a diverse workforce and to providing equal employment opportunity to all persons without regard to race, color, religion, national origin, sex, sexual orientation, gender identity, age, genetic information, disability, pregnancy, or military service.
We value accessibility for all candidates and are happy to provide an accommodation or assistance. Please email us at ny.leaves@ny.frb.org and we’ll be glad to help. Please note, this is a dedicated e-mail box designed exclusively to assist applications with accommodation requests in relation to our recruiting process. All other inquires including the status of applications will not receive a response from this e-mail box.
This is not necessarily an exhaustive list of all responsibilities, duties, performance standards or requirements, efforts, skills or working conditions associated with the job. While this is intended to be an accurate reflection of the current job, management reserves the right to revise the job or to require that other or different tasks be performed when circumstances change.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Internal Oversight & Governance Family GroupWork Shift
First (United States of America)The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers (https://rb.wd5.myworkdayjobs.com/FRS) or through verified Federal Reserve Bank social media channels.